Isprava Group Appoints Former Chalet Hotels CEO Dr. Sanjay Sethi as Strategic Advisor for Hospitality and Lohono Stays

India's Isprava Group has appointed Dr. Sanjay Sethi as Strategic Advisor for Isprava Hospitality and luxury vacation rental platform Lohono Stays. Bringing 37 years of industry leadership, Sethi previously served as Managing Director and CEO of Chalet Hotels Limited from 2015 to 2026.

[MUMBAI, India, Oct 7, 2026] — Indian luxury real estate and hospitality company Isprava Group has expanded its senior advisory leadership by appointing Dr. Sanjay Sethi as Strategic Advisor across its hospitality entities, including Lohono Stays and Isprava Hospitality.

With over 37 years of experience in hotel operations, real estate development, property ownership, and capital markets, Dr. Sethi will assist the executive team in shaping strategic direction, brand alignment, and asset expansion as the group scales its luxury lifestyle ecosystem.

Leadership & Brand Parameter	Executive Detail / Specification	Strategic Operational Focus
New Executive Position	Strategic Advisor – Hospitality	Advisory across Lohono Stays & Isprava Hospitality
Appointed Executive	Dr. Sanjay Sethi	37+ years in hospitality, development, & capital markets
Prior CEO Tenure	Chalet Hotels Limited (2015–2026)	Led company expansion & 2019 stock market IPO
Group Founders & Co-CEOs	Nibhrant Shah & Dhimaan Shah	Founded Isprava Group in 2016
Core Business Portfolios	Isprava, Lohono Stays, Solene, The Chapter	Luxury homes, rentals, private clubs, & communities
Primary Destination Hubs	Goa, Alibaug, Karjat, Kasauli, Bengaluru	High-end non-urban leisure and resort markets

Executive Career Spans 37 Years Across Taj Group and Chalet Hotels

Dr. Sethi brings a deep background in hotel operations and real estate development. He began his career with a 14-year tenure at the Taj Group (Indian Hotels Company Limited), later co-founding Keys Hotels & Resorts under the sponsorship of Berggruen Holdings.

From 2015 to 2026, Dr. Sethi served as Managing Director and Chief Executive Officer of Chalet Hotels Limited. During his 11-year leadership, he led the company's growth strategy and guided its initial public offering (IPO) on Indian stock exchanges in 2019. Under his direction, Chalet established itself as a major owner and developer of luxury and upper-upscale hotel assets across India.

His development experience also encompasses commercial office spaces and high-end residential real estate, including a 321-unit luxury residential project in Bengaluru. Following his step down as MD & CEO, Dr. Sethi continues his association with Chalet Hotels Limited as a Non-Executive Director.

Executive Career Milestone	Institutional Role	Historical Contribution & Portfolio Impact
Taj Group (IHCL)	Senior Management (14 years)	Operations across luxury hotel properties
Keys Hotels & Resorts	Co-Founder	Built middle-market hospitality brand with Berggruen
Chalet Hotels Limited	MD & CEO (2015–2026)	Guided 2019 public IPO & luxury hotel portfolio growth
Chalet Hotels Board	Non-Executive Director (Current)	Ongoing governance and advisory oversight
Bengaluru Real Estate	Project Lead	Executed a 321-unit luxury residential development

Isprava Group Expands Beyond Luxury Residential Into Lifestyle Platform

Founded in 2016 by brothers Nibhrant Shah and Dhimaan Shah, Isprava Group initially focused on developing luxury private villas outside major Indian cities. Over the past decade, the firm has evolved into an integrated lifestyle, real estate, and hospitality ecosystem.

The group's operating portfolio includes several distinct verticals:

• Isprava: Develops high-end, private luxury residences in destination markets, including Goa, Alibaug, Karjat, and Kasauli.
• Lohono Stays: Operates a curated platform for luxury holiday home rentals and hospitality management across India and international leisure markets.
• The Chapter: Focuses on contemporary, design-led luxury residential community developments in Goa and Alibaug.
• Solene: Operates an exclusive private members' club and lifestyle space in Goa.

Brand Vertical	Product & Service Offerings	Operational Locations
Isprava	Custom private luxury villas & estates	Goa, Alibaug, Karjat, Kasauli
Lohono Stays	Luxury holiday rentals & property management	India & international leisure destinations
The Chapter	Design-led contemporary residential communities	Goa and Alibaug
Solene	Private members' club & lifestyle amenities	Goa

Leadership Outlines Strategy for Integrated Hospitality Ecosystem

Commenting on the appointment, Nibhrant Shah, Managing Director & Co-CEO of Isprava Group, stated that the group is focused on connecting its residential and hospitality touchpoints into a unified customer platform.

"For us, the opportunity is to think beyond individual businesses and create an ecosystem where every interaction adds to the experience of being part of Isprava," Shah said. "Whether someone is staying at a Lohono home, spending time at Solene, or returning to their own Isprava home, we want every touchpoint to feel more considered, more seamless, and more distinctly ours. Sanjay’s understanding of hospitality, combined with his experience of building businesses at scale, will help us bring greater depth and consistency to that experience as we grow."

Dhimaan Shah, Executive Director & Co-CEO of Isprava Group, emphasized how consumer expectations around property ownership and leisure travel have evolved.

"Hospitality is no longer simply about the service delivered within a property; it is about the experience that surrounds ownership, travel, and the way people choose to live," Shah added. "As the Isprava Group continues to build across homes, hospitality, and private communities, we wanted to bring in someone who has seen the industry from every side, from operations and development to ownership and capital markets."

Responding to his advisory role, Dr. Sanjay Sethi noted the strength of Isprava’s brand equity across non-urban luxury destinations.

"Isprava has done the difficult part already: built a brand people trust, in places that are genuinely hard to build in," Dr. Sethi remarked. "Growing that without diluting it is the real test, and it’s the kind of work I enjoy. Nibhrant and Dhimaan have been asking the right questions about what comes next well before they had to. I’m glad to be joining them on it."

Why This Matters: What It Means for Traveler Logistics and Real Estate Investors

Dr. Sethi's appointment highlights key trends across India’s premium real estate and luxury travel sectors:

• For luxury vacation rental guests: Integrating hotel-grade operating standards across Lohono Stays improves service consistency, housekeeping, and concierge care across private rental villas in Goa, Alibaug, and Kasauli.
• For luxury home buyers: Homeowners purchasing Isprava properties gain access to professional rental management through Lohono Stays and membership privileges at Solene, increasing property yield potential.
• For the Indian hospitality market: The move illustrates how real estate developers are incorporating professional hotel executive talent to build integrated lifestyle ecosystems combining homeownership, vacation rentals, and private clubs.

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